Precisely, just that. It seems to be that all airlines are doing massively well ex-Cardiff but then somehow aren't expanding at Cardiff.
well run airlines out there constantly driving profit.
Fair point but their profit could be a lot higher as could be the load factor which still remains below 80% (77.7% - FY12). Last year though revenue did increase substantially as did profit against FY11 but as per your motion of them launching a base at Cardiff I don't see this happening at least in the short-term, they're current model of building a massive connection hub ex-Barcelona seems to be working and making them money they'll keep pursuing this. Also the fact that the majority of the catchment area in the SW uses Bristol is probably a major stumbling block to any carrier looking to duplicate routes which currently operate out of Bristol, this would only see airlines operating at lower yields i.e. bmibaby particularly with regards routes which aren't leisure focused.